3 MARSHALSEA ROAD S E1 FREEHOLD VACANT FREEHOLD VACANT OFFICE BUILDING SALE FOR Potential to add additional to Potential planning) to (subject floors by occupation early of Capable / tenant owner an incoming £5 million of in excess Offers and exclusive contract subject to on psf £763 reflecting VAT, of on psf NIA and £670 existing NIA reconfigured • • • sq ft gross internal area area internal ft sq gross Potential to reconfigure floors floors reconfigure to Potential ft sq NIA 7,468 circa provide to Freehold offices with offices Freehold possession vacant Bridge London from 500 metres Borough to and next Station Station Underground and area ft sq internal net 6,553 9,585 • • • •

Executive Summary Location South Bank Transport

Central, well-connected and fashionable, The entrance to Borough Northern South Bank is one of London’s most popular Line Underground station is next door, and desirable locations. The area has benefited London Bridge Jubilee and Northern Line from unprecedented capital investment in Underground Station is 6 minutes walk recent years – in transport infrastructure, away, and the mainline station 10 minutes public buildings and commercial and walk, providing access to national rail residential developments and regeneration services. Borough High Street is also projects. serviced by numerous bus routes, providing access to the City of London, the West End and South London.

Situation

Travel times from Waterloo Westminster Canary Bond The property lies within the London Borough Wharf Street of Southwark, on the south side of Marshalsea London Bridge Road, close to the junction with Borough High Station mins mins mins mins Street, adjacent to Borough Underground 2 4 7 10 Station. The immediate area consists of office, retail and residential uses. Elephant Bank King’s Cross Oxford Travel times from & Castle (City of London) St. Pancras Circus Borough Station 1 min 3 mins 12 mins 15 mins

Travel times from www.tfl.gov.uk

London Bridge Development

Network Rail is carrying out a £6 billion redevelopment of London Bridge Station due to complete in summer 2018. The works will increase passenger capacity by 66%, will include a new two acre con- course, the largest in the UK, and will provide 85,000 sq ft of retail space. Current & Proposed Regeneration & Development

1 Hoxton Hotel, Blackfriars Road – 4 185 Park Street – Delancey 7 Fielden House, London Bridge Street – 10 201 – 211 Borough High Street – The Office Group Ennismore Capital • 163 residential apartments, 65,000 sq ft offices, • 35,000 sq ft • 192 hotel rooms + 40,000 sq ft offices 22,500 sq ft of retail & cultural accommodation • 148 new homes, 13,000 sq ft of public realm • Completed 2015 • Consented – due to complete Q3 2018 • Consented – timing uncertain & 12,000 sq ft of retail • Liftschutz Davidson Architects • Squire & Partners • Consented - due to complete 2018 11 Snowsfields Yard, 6 – 16 Melior Street – • Renzo Piano • 28 new homes 2 One Blackfriars – Berkeley Group 5 Vinopolis, Borough Market – Meyer Bergman • 274 new homes, 121,000 sq ft hotel • 125,000 sq ft retail and 70,000 sq ft offices 8 160 Borough High Street - Westminster Real Estate • Under construction – due to complete 2018 • SPPARC preparing application • 15,000 sq ft office refurbishment 12 1 Long Lane – Threadneedle • SimpsonHaugh and Partners • Due to complete Q1 2017 • 23,000 sq ft office refurbishment 6 Spur Inn Yard, 127 – 143 Borough High Street – • Due to complete Q1 2017 Kings College London 9 Brandon House, 180 Borough High Street – 3 Bankside Quarter, Blackfriars Road – Native Land • 99 bedroom Premier Inn, Tesco Express & new Crest Nicholson 13 One Tower Bridge – Berkeley Group public realm • 280,000 sq ft of offices, 489 apartments & retail, • 100 new homes, 25,000 sq ft offices + 14,000 sq ft retail • 396 new homes, 33,000 sq ft retail & 900 seat theatre cultural and leisure facilities • Completion 2017 • Under construction – Due to complete 2018 • Under construction - Due to complete late 2016 • First stage due to complete 2019 • Allies & Morrison Architects • Squire & Partners • PLP Architects

13 11 7 3 5 2 4

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Other Significant Developments In The Vicinity

Elephant & Castle - Lend Lease South Bank Tower – CIT & Jadwa Investment South Bank Central – Hermes 20 Blackfriars Road – Black Pearl Blackfriars Circus – Barrett Homes • 3,000 new homes, 50 new retail units, • 191 new homes • 220,000 sq ft offices + 36,000 sq ft retail • 42 storey residential tower & 23 storey office • 336 new homes, 35,000 sq ft offices cafés and bars • Under construction – due to complete 2016 • Under construction – due to complete 2016 building + 16,500 sq ft retail • Under construction • MACE Architects and Kohn Pederson Fox • TP Bennett Architects • Due to complete 2018 • Due to complete 2018 • Squire & Partners and MAKE Architects Associates • Wilkinson Eyre Architects • Maccreanor Lavington Architects

South Bank Occupiers 1. Ogilvy & Mather 7. SunGard Availability Services 13. Transport for London 19. Tableau 2. WeWork 8. Boodle Hatfield 14. Thomson Reuters 20. Zoopla 3. Puma 9. UBM 15. Vodafone 21. Omnicom 4. The Marketing Store 10. American Express 16. TimeInc & IPC Media 22. HSBC 5. Talk Sport 11. Core 5 17. Allies & Morrison 23. SunGard 6. MEC 12. Overseas Development Institute 18. London Fire Brigade 24. TP Bennett

COVENT GARDEN CITY OF LONDON

TEMPLE A201 Queen Victoria Street Mansion and Str Blackfriars House Monument Fenchurch Street Upp hames Street er Tha Cannon A1211 Upper T mes S Temple Victoria Embankment treet Street Blackfriars Pier SAVOY HOTEL Tower Hill Lower Thames Street

s Bridge RIVER THAMES A1210 e RIVER THAMES riar g

kf d i W r Savoy a B t Blackfriars Station Millennium Bridg e e Bankside k Pier r r Swan Lane l Blac a o Pier o w Pier h B t Tower r u i Blackfriars e d o Millennium g S g Tower of e OXO Tower 1 6 d 0 Shakespeare’s i Pier r London

B Tate Globe Theatre A10 2 n 3 Modern o Cannon Street Bridge d 25 n London 22 o L

Bridge RIVER THAMES 26

RIVER THAMES Pier National Theatre 4 8 Sumner Street 36 32 Hungerf Festival

et 7 Toole ord BridgePier re 9 So y St St uth rd wa 16 fo 5 rk S 19 m Road tre 39

Southbank Centre a s e St 10 t 37 21 Borough Market 43 17 20 11 23 34 35 41 ower Bridge T Blackfriar City Hall London Eye 45 London 38 40 Toole 46

y St t Potters

e 24 Bridge re

12 e 42 44 et Fields Park

Waterloo r

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Southwark reet k 31

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13 et o

London W f re Guy’s

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Eye Pier te u 18 e Hospital

S e 33

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e M R r 29 t Nelson Ay h

o a G g i a Square r d d The Cu s H S OUTHWARK a Mint h Design o a h g Bermondsy Street R Street l Snowsfields Museum s Redcross u k e Little o r Park a r 30 o Y R Dorrit o B o d a Park T Pocock Street a d ool W o et a R 28 ey t re e e St rl 14 g re o d o i et R 15 r Lon B Borough g o Lan Leathermarket a k e d r

a M Kipling St Gardens Webber Street w Blackfriars Road h 27 t u o S NEWINGTON Druid St

t re Baylis Road e et e St. Thomas’ W tr A2 e S ower Bridge Road s Gr T Hospital tm gh eat Suffolk Street i i n H A21 Maltb s h te 25. Ofcom 31. Theg Writer 37. Al Jazeera 43. PWC r Lambeth North oad u Br orough R o B r y St id o ge 26. Financial Times 32. DNVB Tabard 38. Tiffany 44. London Borough of Southwark Ro Gardens ad 27. ETC Venues Elephant & Castle 33. Guy’s HospitalHarper 39. Duff & Phelps 45. Gowling WLG LLP

28. The Office Group 34. News UK Ro A2 40. Arma Partners 46. Red Bull 29. Galbraith Shipping 35. Matches Fashionad 41. Health Care America

30. British Legion 36. Howard Kennedy 42. Gallup Gr Archbishop’s A3 ange W w Ro Park Road A3 thsay St 02 Ro alk Lambeth den De re Imperial verell Street et Gar War A2 Museum Elephant & Castle We bb St ad Ro re et et

Lambeth re Tower Bridge Road A201 Gr Bermondsey ange Spa Gardens

Bro ok Rd LAMBETH Dr iv A201 Crimscott St e Elephant & Castle

K Searles Road enningt A201 Willow W

St. Mary’s on R on Dan Churchyard W Lambeth Walk a l alk Open Space oad te w Mandela ad 3 o Re R A et Ro r re oad t St nfrew Road h te Chatham Street ga R He Wa o R y Gilbert a od d ne y Ro reet ad ey St Wans

Building & Accommodation

The building is a 1970’s concrete frame office over lower ground, ground and three upper floors totalling 6,553 sq ft. The ground floor is one half- Typical floor plan storey above street level allowing natural light into the lower ground.

The offices benefit from excellent natural light, generous common parts, good floor to ceiling heights, a regular floorplate and an 8 person lift serving all floors. The building is double glazed and has a central air-handling system that provides tempered fresh air. There is a central gas fired boiler providing heating.

Pipes WC The building has recently been vacated and whilst requiring some redecoration and refurbishment is capable of early occupation by an incoming owner / tenant.

Entrance Set out below are the existing areas, according to the RICS code of measuring practice.

Floor Existing Areas (NIA) Sq M Sq Ft 3rd floor 130.3 1,403

2nd floor 131.7 1,418

1st floor 130.9 1,409 Raised Ground 126.5 1,362 Proposed floor plan

Lower Ground 89.3 961 N Total 608.7 6,553 Note: Fourth floor 354 sq.ft. - current plant room. Second Floor

Reconfiguring the services and W/C’s in the building as part of a refurbishment 1:100 Scale Bar

will improve the efficiency of the floors and result in the following WC approximate areas:

WC RISER Floor Proposed Areas (NIA) Sq M Sq Ft 4rd floor 32.9 354 3rd floor 138.3 1,489 2nd floor 139.1 1,497 1st floor 138.4 1,490 Raised Ground 134.0 1,442 Lower Ground 111.1 1,196 Plans not to scale Total 693.8 7,468

Second Floor (Proposed) N

1:100 Scale Bar Market Commentary

South Bank office vacancy rates are at a historical low standing at 2.5% at the end of Q4 2015. Quoting rents for newly refurbished offices are £55 - £65 psf. Headline transactions completing recently in both the letting and investment market include:

Vacant Office Sale Comparables

Date Address Size (sq ft) Price Price psf Q1 2016 Ebbark House, 93-95 Borough High Street 5,302 £4.50 m £849 Q1 2016 45 Great Guildford Street 3,118 £2.875 m £922 Q3 2015 Collegiate House, 9 St. Thomas Street 8,196 £8.90 m £1,085 Q3 2015 Gunpowder House, 66-68 Great Suffolk Street 5,597 £4.50 m £807

Leasing Comparables

Date Address Size (sq ft) Tenant £ psf Comments Q1 2016 50 Southwark Street 2,089 Paccship £63.50 3rd floor. Newly refurbished former warehouse. Q1 2016 44-46 Southwark 2,243 Emico £62.00 2nd floor. Newly Street refurbished former warehouse. Q1 2016 72 Borough High Street 1,636 Confidential £56.50 2nd floor. 2nd hand (Under Offer) former warehouse. Sub-lease. Q4 2015 240 Blackfriars Road 11,917 Demandware UK £63.00 8th floor. New build Grade A. Q4 2015 Bramah House, 3,242 Next 15 £55.00 Ground floor. 65-71 Bermondsey Communications Refurbished former Street warehouse. Q4 2015 9 Holyrood Street 2,469 Reptile Group £55.00 1st floor. Refurbished former warehouse. Q4 2015 Prospero House, 241 8,582 Undisclosed £49.00 3rd floor. Refurbished Borough High Street Consultancy Grade A. Q4 2015 The Old Fire Station, 2,079 The Recruitment £71.50 1st floor. Grade A 150 Waterloo Road Business refurbishment, part new build. Tenure & Planning

Tenure Freehold

Planning The building is situated in the London Borough of Southwark, is not listed and is in the Liberty of the Mint Conservation Area. The current owner has discussed the possibility of adding two additional floors with the planning authority. More information available on request. VAT The property is elected for VAT purposes and therefore VAT will be payable on the purchase price. EPC The property has an Energy Performance Certificate rating of E (111). Full details available on request Proposal We are seeking offers in excess of £5,000,000 (Five Million Pounds) subject to contract reflecting a capital value of £763 psf. Further Information Further information is available at http://bit.ly/1QosS21 and inspections can be arranged via Union Street Partners or Kingly Partners:

NOTICE: Messrs Union Street Partners and Kingly Partners for themselves and for the vendors of this property, whose agents they are, give notice that: (i) These particulars are only for the guidance of prospective purchasers and do not form part of any offer or contract. (ii) Whilst the information contained herein is issued in good faith, neither the firm nor its clients guarantee its accuracy and it is not to be relied upon as statements or representation of fact. (iii) Any intending purchasers must satisfy themselves as to the correctness of each of the statements made herein. (iv) The vendor does not make or give, and neither the firm nor any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property. (v) Nothing in these particulars Rupert Cowling Simon Smith Nick Willson Nick Fisher Tom Butt Andy Verschoyle constitutes a statement that the property and/or any services or facilities are in good condition or working order. (vi) These particulars were completed in 020 3757 8578 020 3757 8577 020 7855 3537 020 7858 6869 020 7858 6868 020 7858 6861 February 2016 (vii) Union Street Partners and Kingly Partners will not be liable, in negligence or otherwise, for any loss deriving from these particulars. 07736 880 317 07736 880 316 07720 736 514 07837 964 166 07703 343 546 07825 507 522